SAN DIEGO--(BUSINESS WIRE)--Haeggquist
& Eck, LLP a shareholder rights litigation firm, has launched an
investigation into possible breaches of fiduciary duty and other
violations of state law by certain members of Navient
Corporation’s (NASDAQ: NAVI) board of directors. Navient, formerly
the debt servicing arm of Sallie Mae, holds the largest portfolio of
private and federally guaranteed student loans in the United States, and
also services student loans.

Over the past year and a half, three securities fraud class action
complaints were filed against Navient
and its top executives for engaging in fraudulent accounting practices
and engaging in misconduct when servicing student loans. Specifically,
the investigation concerns whether Navient’s Board of Directors failed
to implement appropriate internal procedures and controls to prevent the
alleged accounting violations that are the subject of the consolidated
securities fraud lawsuit filed against Navient and certain of its
directors and officers in the U.S. District Court for the District of
Delaware.

Haeggquist & Eck is also investigating whether Navient’s
board failed to implement appropriate internal controls to prevent the
alleged student loan servicing violations that are the subject of the
complaints filed against Navient by the Consumer Financial Protection
Bureau and Attorney Generals from Illinois and Washington. These actions
allege that Navient and its top executives engaged in a massive,
company-wide scheme to steer its student loan borrowers away from
affordable repayment plans, and into more lucrative forbearance
arrangements, so that Navient could continue collecting interest, fees,
and expenses on these loans from the student borrowers.

Navient Shareholders Have Legal Options

Concerned Navient shareholders who would like more information about
potential remedies for the alleged misconduct, including remedies to the
Company from the alleged misconduct of its executives and/or directors,
may contact attorneys Amber
Eck or Kathleen
Herkenhoff at 619-342-8000, ambere@haelaw.com
or kathleenh@haelaw.com.

Haeggquist
& Eck, LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual investors in shareholder
derivative lawsuits, and members of the firm have helped shareholders
recover more than $1 billion of value for themselves and the companies
in which they have invested.

This release constitutes attorney advertising. Past results do not
guarantee a similar outcome.